SimCorp,
a leading provider of investment
management solutions and services for the global financial services
industry, today announced that Notenstein Private Bank, which has assets
under management of CHF 20bn, has selected SimCorp Dimension as its new
software solution for front- and middle-office operations.

Notenstein Private Bank, which is a subsidiary of Raiffeisen Schweiz,
aspires to be among the top three private banks in Switzerland. To
expand its institutional business, the banking house has decided to
enrich its current system environment with SimCorp Dimension’s
state-of-the-art solution.

“Our decision was the result of a comprehensive selection process
involving both Swiss and global solution vendors. This process included
on-site due diligence at other asset managers,” explains Andreas
Knörzer, Head of Asset Management at Notenstein Private Bank. “By
choosing SimCorp Dimension we have set the foundation for the planned
growth and expansion of our client services.”

“The increasing demands and growing competition in the asset management
industry dramatically increases the need for a powerful front-office
solution,” adds Frank Häusgen, Senior Sales and Account Manager at
SimCorp, who is responsible for new business development in Switzerland.
“SimCorp Dimension is a robust solution that combines portfolio
management capabilities including trading and compliance with
performance and risk measurement – it seamlessly integrates front- to
back-office processing on a single platform. Additionally the
flexibility of our solution allows specific setups for various sizes of
institution and gives our clients confidence in a future-proof solution
that keeps pace with regulatory changes.”

Company profile Notenstein Private Bank Ltd

Notenstein Private Bank Ltd specializes in asset management for private
and institutional clients. The St. Gallen-based private bank has 12
branches throughout Switzerland, employs around 700 staff and manages
client assets of CHF 20 billion. Notenstein Private Bank is a subsidiary
of Raiffeisen Switzerland. Further information is available at www.notenstein.ch.

About SimCorp

Since 1971, SimCorp has been providing investment and portfolio
management software and services to the world’s leading investment
managers, asset managers, fund managers, fund administrators, pension
funds, insurance funds, and wealth managers. Based on its world-class
software platforms, SimCorp Dimension and SimCorp Coric, SimCorp
provides global financial organizations with the tools they need to
mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX
Copenhagen, SimCorp is a global company, regionally covering all of
Europe, North America, and Asia Pacific. For more information, please
visit www.simcorp.com.